Click here to close now.

Welcome!

iPhone Authors: Pat Romanski, Carmen Gonzalez, Elizabeth White, Liz McMillan, Dana Gardner

News Feed Item

Kronos Reports Exceptional First-Quarter Results; Workforce Management Cloud Revenue Increases 106%

Kronos Incorporated today announced financial results, company advancements, and customer successes for the first quarter of Fiscal 2013. Kronos revenue for the quarter increased 13 percent to $224.2 million. Earnings before interest, tax, depreciation and amortization (EBITDA) increased 18 percent to $66.7 million.1

“We delivered outstanding growth in our first quarter – including a 106-percent increase in workforce management cloud revenue,” said Aron Ain, Kronos chief executive officer. “Our award-winning products are ushering in a new era of innovation whereby organizations are empowered to manage in the moment. With our innovative product portfolio, fast-growing cloud business, deep vertical expertise, and unmatched global capabilities, Kronos is perfectly poised to continue to gain market share in 2013 and beyond.”

First-Quarter News Facts

  • Tremendous Kronos Cloud growth Kronos Cloud deployments represent the fastest-growing aspect of the company’s business. Kronos continues to experience a tremendous customer response to its new Workforce Ready suite in the Kronos Cloud for small and midsize businesses (SMBs), as well as its Workforce Central® suite in the Kronos Cloud for medium and large enterprise organizations. Deploying in the Kronos Cloud generates a fast return on investment and eliminates the need to invest in and manage IT infrastructure and staff. Today more than 7,000 organizations are running in the Kronos Cloud.
  • Strong contribution from international regions – International product bookings increased 53 percent year on year. The Asia-Pacific region delivered exceptional results, as continued investments in Australia, China, and India resulted in new local and multinational customer wins. Kronos further extended its reach into the Chinese market by forming a reseller agreement with Capgemini. The Latin America region, led by the Kronos operation in Mexico, continued its growth and expansion. Significant progress continued in South Africa where Kronos experienced significant new customer acquisition. Kronos solutions are used in more than 100 countries around the world.
  • Exceptional momentum in SMB sector – Small and midsize businesses are enthusiastically embracing the ease of use, affordability, and cloud capabilities of Kronos workforce management solutions as a way to stay competitive and do more with less. Kronos experienced an exceptional quarter in the SMB sector, driven in large part by an accelerated pace of adoption for its new Workforce Ready suite. Kronos is rapidly revolutionizing how SMBs manage their businesses and gain an even greater competitive advantage.
  • Delivery of innovative, next-generation products – During the quarter, Kronos delivered a series of innovative new products and enhancements which are transforming the way organizations manage their workforces:
    • Workforce Tablet– A sleek, easy-to-use tablet application that delivers real-time, location-specific workforce information to frontline managers so they can more effectively manage in the moment, Workforce Tablet is a native-built tablet solution developed specifically for the Apple iPad, providing an anytime, anyplace, instant connection to the Kronos Workforce Central suite.
    • Workforce Task ManagementWorkforce Task Management simplifies store execution by providing end-users with a streamlined approach to create, approve, execute, and verify tasks. This drives productivity by streamlining communication between corporate and stores as well as increases sales and customer satisfaction by ensuring tasks are completed on time and consistently across locations.
    • Workforce Analytics – The latest version of Kronos’ Workforce Analytics solution enables organizations to easily access and leverage their workforce data to identify, predict, and manage opportunities for cost savings and productivity gains.
    • Workforce Ready – Kronos delivered significant enhancements to its SMB cloud suite, Workforce Ready. Enhancements include compatibility with the Kronos InTouch time clock; introduction of a workforce-centric application marketplace; and additional language support.
    • TeleStaff – The latest version of the Kronos TeleStaff public safety scheduling and notification solution includes enhancements that allow deployment and support of additional technology platforms; enhanced shift-bidding statuses enabling employees to view and monitor the status of their bids for shifts; and advanced reporting features.
    • Kronos InTouch applications – Kronos partners, customers, and third-party developers can easily create and share workforce applications for the award-winning Kronos InTouch time clock. The latest applications include: developed by Axsium Group, Wayfinder helps employees easily find their way to their work location using floor plan maps; developed by The WFC Group, EnrollMe gives employees the ability to join their employer’s healthcare plan during open enrollment; and developed by Kronos, Employee Survey allows an employer to host a survey to solicit and capture employee feedback.
    • In the first quarter of Fiscal 2013, Kronos signed agreements with organizations around the world such as: Aaron’s, Inc., a national leader in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances, and accessories; ALDI Stores, A Limited Partnership, with more than 200 stores operating across New South Wales, ACT, Queensland, and Victoria, Australia; Carpenter Technology, produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products; Hitachi Construction Machinery (Australia) Pty Ltd, a subsidiary of Hitachi Construction Machinery Co., Ltd (Japan), Australia’s home for sales and support of Hitachi, John Deere, and Bell construction, forestry, mining, quarry, and recycling machinery; Lafayette General Medical Center, a regional, non-profit, community-owned and -managed hospital located in Lafayette, Louisiana; North Shore-Long Island Jewish Health System, the nation’s third-largest, non-profit, secular healthcare system; Rockford Health System, includes Rockford Memorial Hospital, Rockford Health Physicians, Van Matre HealthSouth Rehabilitation Hospital, Visiting Nurses Association and the Rockford Memorial Development Foundation; Santa Clara County, a county located at the southern end of the San Francisco Bay Area in California; Sports Direct, the UK’s leading sports retailer by revenue and operating profit, and the owner of a significant number of world-famous sport, fashion, and lifestyle brands; Truman Medical Centers, a two-hospital, not-for-profit health system located in Kansas City, Mo.; Wakefern Food Corporation, the largest retailer-owned cooperative in the U.S.; and Weir SPM, a market leader in well service pumps and high pressure flow control equipment.

About Kronos Incorporated

Kronos is the global leader in delivering workforce management solutions in the cloud. Tens of thousands of organizations in more than 100 countries — including more than half of the Fortune 1000® — use Kronos to control labor costs, minimize compliance risk, and improve workforce productivity. Learn more about Kronos industry-specific time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications at www.kronos.com. Kronos: Workforce Innovation That Works.

© 2013 Kronos Incorporated. All rights reserved. Kronos and Workforce Central are registered trademarks and Workforce Ready, Workforce Tablet, Workforce Task Management, Workforce Analytics, TeleStaff, and InTouch are trademarks of Kronos Incorporated or a related company. All other trademarks are property of their respective owners.

Footnote 1: Revenue excludes purchase accounting adjustments related to the company going private in June 2007 and its acquisitions since June 2007 and includes timing adjustments related to international product deliveries which management includes when evaluating operating results. EBITDA excludes purchase accounting adjustments, FAS 123R charges, and non-recurring, unusual charges.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microservices, and more.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabilities include HD voice, video, multimedia messaging, mobility, conferencing, Web collaboration, deskt...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborate. Cisco and our partners are building the platform for the Internet of Everything by connecting the...
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things compatible devices.
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed expressly to run Docker. He will also discuss Rancher, an orchestration and service discovery platf...
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
SYS-CON Events announced today that Solgenia will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional Social, Mobile and Cloud user experiences, our solutions help large and medium-sized organizations dr...
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
After making a doctor’s appointment via your mobile device, you receive a calendar invite. The day of your appointment, you get a reminder with the doctor’s location and contact information. As you enter the doctor’s exam room, the medical team is equipped with the latest tablet containing your medical history – he or she makes real time updates to your medical file. At the end of your visit, you receive an electronic prescription to your preferred pharmacy and can schedule your next appointment.